02 Disclaimer On Forward Looking Statements This presentation contains “forward-looking information” within the meaning of This list is not exhaustive of the factors that may affect any of the Corporation’s applicable Canadian securities legislation. Forward-looking information may include, forward-looking information. Although Gatekeeper has attempted to identify but is not limited to, information with respect to the developments in Gatekeeper’s important factors that could cause actual results to differ materially from those operations in future periods, the adequacy of Gatekeeper’s financial resources, costs contained in forward-looking information, there may be other factors that cause and timing of development and Gatekeeper’s executive compensation approach and results not to be as anticipated, estimated or intended. There can be no assurance practice. When ever possible, words such as “plans”, “expects”, or “does not that such information will prove to be accurate, as actual results and future events expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate”, or “does not could differ materially from those anticipated in such information. Forward-looking anticipate”, “believe”, “intend”, and similar expressions or statements that certain information involves statements about the future and is inherently uncertain, and actions, events or results “may”, “could”, “would”, “might” or will be taken, occur or Gatekeeper’s actual achievements or other future events or conditions may differ be achieved, have been used to identify forward-looking information. materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Prospectus under the heading “Risk Factors” and elsewhere in the Prospectus. Forward-looking information is subject to a variety of known and unknown risks, Gatekeeper’s forward-looking information is based on the beliefs, expectations and uncertainties and other factors that could cause actual events or results to differ opinions of management on the date the statements are made, and the Corporation from those expressed or implied by the forward-looking information, including, does not assume any obligation to update forward-looking information, whether as without limitation, those described under “Risk Factors” in the Prospectus and the a result of new information, future events or otherwise, other than as required by following: reduced spending by the Corporation’s customers that result from applicable law. For the reasons set forth above, prospective investors should not changes in spending policies or budget priorities; the Corporation’s ability to place undue reliance on forward-looking information. manage risks inherent in foreign operations; the Corporation’s ability to protect its brand; the Corporation’s ability to obtain products and parts from suppliers on a timely basis and on favorable terms; the Corporation’s ability to manage its This presentation is not, and is not intended to be, an offer to sell or the solicitation manufacturing and logistical services successfully; the reliability of product of an offer to buy any security of Gatekeeper in any jurisdiction. This presentation manufacturing and assembly and logistical services provided by third parties; is not an offering memorandum. possible changes in the demand for the Corporation’s products; the Corporation’s ability to successfully execute its business strategies; the Corporation’s ability to establish new relationships and to build on its existing relationships with integrators and dealers; and the Corporation’s ability to manage cash flow, foreign exchange risk and working capital. www.gatekeeper-systems.com
03 Who we are Enabling Safer, Smarter Communities. A Leader - protecting people in transit by working closely with our customers to develop smart connected technology solutions using an open architecture strategy. 1) Established technology provider - high-def safety & surveillance solutions designed for mobile environments, 100,000 device installs, 3,500 customers, 9-year history. • 2) Revenue growth inflection point Transit Market is adding significant growth, • 80% YOY revenue growth, $15M TTM revenues. • 3) AI & Video Analytics - growth drivers Cities moving to “smart cities”, needing transportation analytics, • Regulators requiring “black-box” for buses & trains for safety, • accident investigations, People counting, improved traffic flow, video-capture for traffic • violation enforcement. 4) Platform-as-a-Service (PaaS) business model High-speed trains – NTSB compliant DVRs ($6M contract), • Buses – video analytics for illegal passing, license plate capture. • 5) Compelling valuation $20M market cap, no debt, $6M of working capital, profitable. • Enabling Safer, Smarter Communities using Artificial Intelligence www.gatekeeper-systems.com
04 Transit Market - Significant Growth Driver Video-Based Evidence Solutions for Transit Bus & Rail • Public Transit Authorities embracing video surveillance solutions to reduce fraudulent claims and improve passenger safety, • Camera installations on transit buses have increased from 47% in 2008 to 80% in 2017. (source: apta.com). Transit Market: • 183,000 transit vehicles in the US, • 19,000 transit vehicles in Canada. April 2018 – US transit becomes a key growth initiative: Established Gatekeeper Systems USA Inc., • Purchased assets of an existing mobile video surveillance service • Source: 5 th Square provider to the transit industry, Enabled business relationship with the Southeastern Pennsylvania • Transportation Authority (“SEPTA”). www.gatekeeper-systems.com
05 Transit Market Strategic Customer: SEPTA SEPTA (Southeastern Pennsylvania Transportation Authority) is the 6 th largest transit authority in the US Providing over 300 million passenger rides annually, • 3,600 vehicles which includes approximately 970 trains. • SEPTA - actively using vehicle video surveillance to evaluate and defend claims, monitor system safety and security, and protect against fraud US$22M/yr. savings in false liability claims by using video, • Over 27,000 video cameras installed on vehicles & • stations. (source: septa.org ) SEPTA – has contracted Gatekeeper to provide specialized technology and analytics for their sophisticated video-evidence network, resulting in: Over $15M in new business billed or expected to be • billed by Aug 2020, Recurring services contract $2.36M/yr, up to $11.8M • (initial 3 yr term plus 2 yrs optional extension options). www.gatekeeper-systems.com
06 Gatekeeper’s Video Analytics in Transit Applications Software platform allows authorities to monitor vehicle assets, and manage the increasing volume of video data Monitor passenger behavior, • Verify events and improve operational efficiencies, improving the • security of drivers and passengers, Enables GPS mapping, event-based scheduling, live viewing, or • integrating 3rd party applications, Proactively monitors on-board equipment, wireless fleet and • vehicle management, alerts, Wireless by-directional connectivity allows remote DVR • configuration, vehicle and fleet reporting, Timely data transfer for surveillance information, • Event-based wireless transfer of data can be activated by actions • such as driver emergency alert switch, ‘System Heath Check’ reports, for active system maintenance. • www.gatekeeper-systems.com
07 NTSB Recommends Digital Video Recorders to Aid Accident Investigations The National Transportation Safety Board has recommended the use of digital video recorders (DVRs) – data, audio/voice and video – to assist accident investigations. NTSB has investigated numerous rail transit incidents: Recommends the installation of inward and outward facing audio and • image recorders, Identified them as being critical to improve operational safety and • aiding in accident investigations, Without video, investigations are lengthy, expensive, and difficult for • families awaiting answers. A potential major future market opportunity for Gatekeeper’s DVRs “Black-box” for trains, transit and buses. • Oct ‘19 - Gatekeeper receives $6.3M contract from SEPTA to supply and install DVRs on SEPTA vehicles and trains. www.gatekeeper-systems.com
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